In my company they are not allowing me to include my parents(dependent) lic policy for tax exemption.Is there any solution to include in my tax submission.
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Dependent Lic policy
Replies (3)
YOU CAN INCLUDE IT IN YOUR RETURN AND CLAIM IT
yes u can claim deduction ......
In 80C no Deduction is available for LIC paid by child for his parents. So your company is right. See Sec 80C
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